Kuwait's Investment Dar, owner of half of luxury carmaker Aston Martin, proposed asset sales of about $1.69 billion over three years to creditors to restructure its debt pile, banking sources said Wednesday.
Dar, as part of a $3.58 billion restructuring plan, will sell its stakes in Kuwait's Boubyan Bank and Bahrain Islamic Bank.
The 20 percent Boubyan stake, whose ownership is under dispute, is valued at $752 million while its 40 percent Bahrain Islamic stake is worth around $155 million, based on current market capitalization.
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